South Sudan to reach pre-war oil production levels by mid-2020
South Sudan’s oil minister says the country will return to pre-war oil production levels by mid-2020.
The world’s youngest nation lost most of its oil fields to a civil war starting in 2013 and efforts to restore the oil-rich country’s production levels are only now starting to achieve results – after a peace deal was signed last year.
South Sudan eye’s pre-war oil production levels
Prior to the war, South Sudan was producing more than 350,000 barrels of crude oil per day but the conflict destroyed most of the country’s oil fields and halted production.
South Sudan currently produces just over 140,000 barrels per day (bpd) butOil Minister Ezekiel Lul Gatkuoth says this is expected to rise to 270,000 bpd by the end of 2019. Production is set to increase further in 2020 with the target of matching pre-war levels of 350,000-400,000 bpd.
South Sudan has one of the largest crude oil reserves in sub-Saharan Africa and only a third of it has been explored to date.
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